Boston Scientific Corporation opened a regional manufacturing hub at Batu Kawan Industrial Park, Penang, which is part of the company’s investment in Asia and support plans to grow its global manufacturing footprint.
“Malaysia is a growing hub for medical devices. With global healthcare spending expected to increase at an annual rate of 4.1% until 2021, we see great potential in the healthcare industry within the Asia Pacific region and are committed to contributing to its growth. Our facility in Malaysia will allow us to better serve the needs of physicians and patients in the region as Boston Scientific will have direct access to the local healthcare ecosystem,” stated Warren Wang, Senior Vice President and President, Asia Pacific, Boston Scientific.
Meanwhile, Datuk Chua Tee Yong, Deputy Minister of International Trade and Industry (MITI) said: “We view this project as a catalyst to boost the development of the medical device ecosystem in the country and attract not just other industry players but also pharmaceutical and health supplement companies. The medical devices made in Malaysia are of high standards and accepted by hospitals worldwide.”
The Penang facility expands the Boston Scientific global network of high-tech manufacturing facilities and allows the company to bring needed healthcare technologies to more patients. The initial product portfolio will include devices from the company’s cardiology, urology and endoscopy portfolios.